Financial Data

Local Property Taxes:

All real property is assessed at the local level, and tax rates are regulated by local officials and voters. The County Auditor, the chief assessing officer, lists and values the real property with the county for taxation purposes, under the direction and supervision of the County Board of Tax Appeals.

Current Property Tax Rates:

Tax Rates by County / District can be found on the respective Auditor’s web sites:

Hancock County Auditor: Charity Rauschenberg, 419-424-7019 http://auditor.co.hancock.oh.us

Seneca County Auditor: Julie Adkins, 419-447-0692

http://www.co.wood.oh.us/auditor

County Sales Tax

Hancock: 6.0% – Seneca: 7.0% – Wood: 6.5%

City Income Tax

Fostoria has a 2.0% city income tax.

Tax Abatement Programs

Fostoria has a city-wide Urban Enterprise Zone program, designed to help enhance the competitive advantage of industry expanding or locating in the community. Foreign Trade Zone tax benefits can be made available on a requested basis.

Ohio laws and tax structures are favorable for industrial growth. The state constitution stipulates that all tax levies exceeding 10 mills must be approved by the voters.

Financial Assistance

In addition to a variety of state financial assistance programs, Fostoria offers reduced interest financing through its Fostoria Revolving Loan Fund. The $2.1 million fund is available to loan -qualifying companies locating or expanding in the Fostoria area.

Area Financial Institutions

Fifth Third Bank, (419) 435-1825 – FEDC Board Member

First Federal Bank, (419) 436-1310 – FEDC Board Member

First Ohio Credit Union, (419) 435-8513 – FEDC Board Member

KeyBank, (419) 435-8105 – FEDC Board Member

Old Fort Banking Company, (419) 436-1425 – FEDC Member Investor

The Huntington Bank, (419) 435-2410